Younger brothers Mohamed and Yasseen are also billionaires and part owners of Mansour Group. Nearly half of all Americans today purchase one of their products, including Halos mandarin oranges, POM Wonderful, and Fiji Water. Remarkably, shares of his BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year. Our list of millionaire farmers features families from across the world in all different continents. Farming is one of the most straightforward business ventures in the world. Net worth: $3 billionRank in 2020: 10Net worth in 2020: $2.6 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 58Country: South AfricaResidence: Johannesburg. Here are the top 5 richest women in South Africa, including a brief description of what they do and their net worths. He also owns a Michelin-starred restaurant on the French Riviera. Please read my disclosure for more info. Many millionaire farmers around the world have made a fortune through the use of new technology. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. These millionaires followed several key money hacks to build their wealth and stay dedicated to their business. He denies any wrongdoing. Strive Masiyiwa, a citizen of Zimbabwe and a London resident appears on the list due to his telecom holdings in Africa. Contents [ hide] 8. Nassef Sawiris teamed up with Fortress Investment Groups Wes Edens to purchase Aston Villa Football Club. Here are the five Africans who feature in the top 500 As of the time of writing: 1) Aliko Dangote (Nigeria) - $20.5 billion. Kiernan Jarry who is popularly known as AKA is a rapper, record producer, singer as well as and entrepreneur. The continents 18 billionaires are worth an average $4.1 billion, 12% more than a year ago, driven in part by Nigerias surging stock market. All posts may contain affiliate links. However, thats okay. Invest in farmland, local, national and worldwide, Invest in a farm, get your hands dirty, operate your own farm, Finance insiders can get rich farmers on a permaculture path. Osagyefuo Nana Amoatia Ofori Panin is worth $28 million. To value privately held businesses, we start with estimates of revenues or profits and apply prevailing price-to-sale or price-to-earnings ratios for similar public companies. Plot 4 Root vegetables like beets, carrots, and turnips. Your email address will not be published. You can also attain wealth by investing and taking advantage of the compound interest snowball. If you are a millionaire, you still may not know if you are ready to retire. Let's review the habits of some of the richest farmers int he world. Buffett has traveled to over 130 different countries around the world. Altogether, the 18 billionaires from Africa this year are worth $73.8 billion, slightly more than the $73.4 billion aggregate worth of the 20 billionaires on last years list of Africas richest people. South Africa - $861.93 billion. Vadim Moshkovich net worth is $2.3 billion. Ghana, a prominent petroleum and natural gas producer with the sixth-largest crude oil reserves in Africa and the twenty-fifth-largest in the world, is the tenth-richest country in Africa. Through his holding company FinanceCom, he has a stake in the Moroccan arm of French telecom firm Orange. He served as Egypts Minister of Transportation from 2006 to 2009 under the Hosni Mubarak regime. They certainly learned from these. Le Roux previously ran Boland Bank, a small regional bank in Cape Towns hinterland. Get this delivered to your inbox, and more info about about our products and services. His farm, the Obasanjo Farms located at Ota, Ogun State is a multi-billion dollar enterprise with a nationwide reach and has been operating since 1979. His brother Nassef is also a billionaire. Dangote Cement produces 45.6 million metric tons annually and has operations in 10 countries across Africa. We [Algerians] have great potential; we can make up for lost time., Net worth: $3.2 billionRank in 2020: 9Net worth in 2020: $3 billionOrigin of wealth: TelecomIndustry: TelecomAge: 66Country: EgyptResidence: CairoEducation: Swiss Federal Polytechnical Institute, Master of Science; Swiss Federal Polytechnical Institute, Bachelor of Arts/Science. Get this delivered to your inbox, and more info about about our products and services. Cevital owns European companies, including French home appliances maker Groupe Brandt, an Italian steel mill and a German water purification company. Liu Yonghao and Family Liu Yonghao is among the most prosperous farmers in the world. At a glance, Masiyiwa might seem to be a misplaced representative for African agriculture. With both a million rewards points and a million dollar net worth you can live a happier lifestyle. Net worth: $13.9 billionRank in 2021: 1Net worth in 2021: $12.1 billionSelf-madeOrigin of wealth: Cement, sugarIndustry: ManufacturingAge: 64Country: NigeriaResidence: Lagos, Net worth: $11 billionRank in 2021: 4Net worth in 2021: $7.2 billionOrigin of wealth: Luxury goodsIndustry: Fashion and RetailAge: 71Country: South AfricaResidence: Cape Town, Net worth: $8.7 billionRank in 2021: 3Net worth in 2021: $8 billionOrigin of wealth: DiamondsIndustry: Metals and miningAge: 76Country: South AfricaResidence: Johannesburg, Net worth: $8.6 billionRank in 2021: 2Net worth in 2021: $8.5 billionOrigin of wealth: Construction and InvestmentsIndustry: Construction and engineeringAge: 61Country: EgyptResidence: Cairo, Net worth: $7 billionRank in 2021: 6Net worth in 2021: $5.5 billionOrigin of wealth: Cement,sugarIndustry: DiversifiedAge: 61Country: NigeriaResidence: Lagos, Net worth: $6.7 billionRank in 2021: 5Net worth in 2021: $6.3 billionSelf-madeOrigin of wealth: Telecom, oilIndustry: DiversifiedAge: 68Country: NigeriaResidence: Lagos, Net worth: $5.1 billionRank in 2021: 7Net worth in 2021: $4.8 billionSelf-madeOrigin of wealth: FoodIndustry: Food and BeverageAge: 78Country: AlgeriaResidence: Algiers, Net worth: $3.4 billionRank in 2021: 8Net worth in 2021: $3.2 billionOrigin of wealth: TelecomIndustry: TelecomAge: 67Country: EgyptResidence: Cairo, Net worth:$3.1 billionRank in 2021: 9Net worth in 2021: $3 billionSelf-madeOrigin of wealth: MiningIndustry: Metals and miningAge: 59Country: South AfricaResidence: Johannesburg, Net worth: $2.7 billionRank in 2021: 10Net worth in 2021: $2.8 billionSelf-madeOrigin of wealth: Media, investmentsIndustry: Media and entertainmentAge: 69Country: South AfricaResidence: Cape Town, Net worth: $2.7 billionRank in 2020: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: TelecomIndustry: TelecomAge: 60Country: ZimbabweResidence: London, Net worth: $2.5 billionRank in 2021: 11Net worth in 2021: $2.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 74Country: EgyptResidence: Cairo, Net worth: $2.2 billionRank in 2021: 12Net worth in 2021: $2 billionOrigin of wealth: Petroleum, diversifiedAge: 61Country: MoroccoResidence: Casablanca, Net worth:$1.7 billionRank in 2021: 16Net worth in 2021: $1.2 billionSelf-madeOrigin of wealth: BankingIndustry: Finance and investmentsAge: 72Country: South AfricaResidence: Stellenbosch, Net worth: $1.5 billionRank in 2021: 15Net worth in 2021: $1.3 billionOrigin of wealth: Banking, insuranceIndustry: Finance and investmentsAge: 89Country: MoroccoResidence: Casablanca, Net worth: $1.5 billionRank in 2021: 13Net worth in 2021: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 46Country: TanzaniaResidence: Dar es Salaam, Net worth: $1.5 billionRank in 2021: 14Net worth in 2021: $1.5 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 76Country: EgyptResidence: Cairo, Net worth: $1.1 billionRank in 2021: 18Net worth in 2021: $1.1 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 60Country: EgyptResidence: Cairo. Net worth: $4.8 billionRank in 2020: 6Net worth: $4.4 billionSelf-madeOrigin of wealth: FoodIndustry: Food and beverageAge: 77Country: AlgeriaResidence: Algiers. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. The Nigerian billionaires wealth rose following a year-to-date price increase in the shares of Dangote Cement Plc. Copyright 2023. Also join us across all of our other channels - we love to be connected! Money makes money and these 10 people have made a lot of it over the years. The biggest gainer in percentage terms-up 125%is Strive Masiyiwa of Zimbabwe, worth $2.7 billion, up from $1.2 billion last year. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. They started as farmers, but grew into much more than that. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 300 Unique Trending Ankara Styles For Women, Top 50 Amazing African Long Dresses For Women, 150 Unique Bridal Reception Styles In Africa, 120 Amazing African Dress Styles For Ladies, 150 Beautiful African Print Tops Designs Ideas, Elisha Owusu Biography ; How Old Is Owusu ? Dangote Refinery has been under construction since 2016 and is expected to be one of the worlds largest oil refineries once complete. He is also a businessman and a politician, born on October 1959. In March 2021, Motsepe was elected president of the Confederation of African Football, the sports governing body on the continent. According to Billionaires Africa, his 75-per cent stake in Jetro Holdings accounts for 61 per cent of his total wealth valuation, with the market value of his stake in the New York-based conglomerate presently valued at $4.8 billion. Prince Sultans real net worth is $3.8 billion. It transports the milk obtained from its Holstein cows throughout Gulf countries. 2023 Forbes Africa. Money; List-Worthy . Financial data refers to 2009 or 2009/10. He made his first million at age 26 selling lace and distributing soft drinks. Koos Bekker is revered for transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. How Darko Farms started?Realizing the enormous potential that existed for commercial poultry farming, Kwabena set out to form his own commercial poultry farming business with savings of US $1,000. Im bullish on farming for years to come. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. It also has interests in sugar, salt, oil, fertiliser and packaged food. 4 last year is luxury goods magnate Johann Rupert of South Africa. His brothers Yasseen and Youssef, who share ownership in the family group, are also billionaires; his son Loutfy heads private equity arm Man Capital. Farmers can be somewhat reliant on weather conditions and external factors that will truly influence how much money you can make. There are a lot of Ghanaian Farmers earning much from thier hardwork in farming . He made his first million at age 26 selling lace and distributing soft drinks. In 2013, the mining magnate was the first African to sign Bill Gates and Warren Buffetts Giving Pledge, promising to give at least half his fortune to charity. and His, Thabo Mbeki Biography , Age , Houses , Cars & Net, Patrice Motsepe Biography , Age & Net worth, How To Download Waptrick TV Shows And Movies, Make Money Online In South Africa ; Top 15 Real Ways, SASSA Status Check for R350 Payment Dates, How To SASSA Online Login srd.sassa.gov.za, How To Fill TVET Colleges NSFAS Application Form. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. See full address and map. In order to accumulate wealth, you need to own something. His brother Nassef is also a billionaire. Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. His company supplies chicken for KFC restaurants throughout China. Wapnick is one of the top 5 shareholders in each company, and her shares are estimated to be worth R544 million, according to Forbes. The company has developed support services and products, such as fodder, plant cultivation and food processing around animal husbandry. ), Read More:The Full List of AfricasRichest People. John Dumelo is a Ghanaian actor, farmer and politician. Not only that, but from what Ive heard, hes one of the most down to earth businessmen out there. The biggest gainer this year is another Nigerian cement tycoon,Abdulsamad Rabiu. Our list tracks the wealth of African billionaires who reside in Africa or have their primary business there, thus excluding Sudanese-born billionaire Mo Ibrahim, who is a U.K. citizen and billionaire London resident Mohamed Al-Fayed, an Egyptian citizen. The two millionaire farmers have a net worth of $4 billion. Net worth: $1.6 billionRank in 2020: 16Net worth in 2020: $1.6 billionOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 45Country: TanzaniaResidence: Dar es Salaam. GDP is the total value of goods and ser. At the same time, we will always need food. His brother Naguib is also a billionaire. 10 richest people in Africa Sam DCruz / Shutterstock.com 15 Richest People in Africa 15) Othman Benjelloun (Morocco) Net worth: $1.3 billion (2021) Age: 88 Othman Benjelloun is the CEO of. 2023 - 2023/2024 Scout Africa. Nicky Oppenheimer, heir to the DeBeers diamond fortune, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012. He is among the most successful millionaire farmers in China from a humble beginning as a chicken farmer. Adenuga got an MBA at Pace University in New York, supporting himself as a student by working as a taxi driver. Mohamed Mansour oversees family conglomerate Mansour Group, which was founded by his father Loutfy (D.1976) in 1952 and has 60,000 employees. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land. His other assets include stakes in mobile phone networks in Burundi and Lesotho, and investments in fintech and power distribution firms in Africa. The bank has more than 800 branches and over 13,000 employees. For the tenth year in a row,Aliko Dangoteof Nigeria is the continents richest person, worth $12.1 billion, up by $2 billion from last years list thanks to a roughly 30% rise in the share price of Dangote Cement, by far his most valuable asset. The Hope Group company was one of the largest animal-feed groups in China and one of the largest non-government conglomerates in the country in 1992. Net worth: $1.1 billionRank in 2020: 12Net worth in 2020: $2.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 59Country: EgyptResidence: CairoEducation: George Washington University. He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. His father was a shareholder in RMA, a Moroccan insurance company; Benjelloun built it into a leading insurer. He took the company public in 2005 retaining a 24% ownership stake. While some got richer by the billions, two from the 2020 list of Africas richest dropped below the $1 billion mark. READ ALSO: Africas richest man, Aliko Dangote, adds $950 million to his personal worth as shares of Dangote Cement continues to rise, 2) Johann Rupert & family (South Africa) $8.96 billion. They are one of the most celebrated dairy millionaire farmers in the world. He grew up on the family property in Dallas County, Iowa. AFRICAS BILLIONAIRES ARE RICHER than they have been in years. A few of these farmers on our list are not just millionaires, they are billionaires. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Morocco - $302.77 billion. Dewji retired from Tanzanias parliament in early 2015 after completing two terms. popular posts. With little financial support from his father, Howard managed to rank among the topmost agriculture millionaires. He and his wife Tsitsi founded the Higherlife Foundation, which supports orphaned and poor children in Zimbabwe, South Africa, Burundi and Lesotho. June 2022: Top 5 richest people in Africa and their net worth according to Bloomberg, South African business mogul Johann Rupert oversees an elite portfolio of luxury brands that includes fashion labels Azzedine Alaa, Chlo, and Dunhill, alongside established jewellery and watch brands such as Van Cleef & Arpels, Vacheron Constantin and Cartier, Nicky Oppenheimer, a South African billionaire businessman and philanthropist. Cape Verde, with a GDP per capita of $8,716, is the richest country in West Africa and 119th in the world. They got their fortune first from the Teleflora flower delivery service. Tony and Ron Perich inherited the business from their father, Kolombo Perich. Benjelloun and his wife received the David Rockefeller Bridging Leadership Award for building schools in rural Morocco in 2016. In Africaas elsewhere in the worldthe wealthiest have come through the pandemic just fine. He is chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. Through his Media Globe Holdings, Sawiris owns 88% of pan-European pay TV and video news network Euronews. He oversees the consumer goods division, which includes supermarket chain Metro, and sole distribution rights for LOreal in Egypt. All Rights Reserved. The Zulu reigning king was born on 14th July 1948 in Nangoma, South Africa. With a net worth of $12 million, Kiernan Jarry, a South African rapper is currently the richest rapper in Africa. Prophet Shepherd Bushiri - Net Worth $150 million. Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. He led Naspers to pay a reported $34 million for a third of Chinese Internet firm Tencent Holdings in 2001 perhaps the greatest venture investment ever. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. Agrofert owns over 100,000 ha of farmland, producing 265 million eggs per annum and 840,000 tons of animal feed. Angola may not have come to mind as one of the top 10 richest countries in Africa but surprisingly, it has a large deposit of oil and gas resources, diamonds, and bountiful agricultural land. Dr Kwabena Darko , John Dumelo and Anthony Kofi Gyamfi are the richest . His net worth is around $3.4 billion. Without further ado, let's look at the top ten wealthiest farmers in the world (not in any particular order). In 2015, he offered to buy a Greek or Italian island to house Syrian refugees, but Greece and Italy turned him down. His wife Salwa Idrissi runs her own company, which has franchises for Gap, Gucci and Ralph Lauren in Morocco. Achieve the financially free lifestyle youve always wanted. The list is dominated by South African firms (10), followed by companies from Morocco (3), Nigeria (3), Cte d'Ivoire (2), Algeria (1) and Egypt (1). His net worth is around $3.4 billion. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. Not only is Ethiopia one of Africa's wealthiest countries, it's also steeped in history. As a group, the continents 18 billionaires are worth an estimated $84.9 billion a 15% increase from 12 months ago and the largest tally since at least 2015. How I Paid Off My Debt (Including The Best Way to Clear Debt Fast), Guest Interview With The White Coat Investor, Early Retirement Interview with Well Kept Wallet: Work Hard for FIRE, Disclaimer, Disclosure and Privacy Policy. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. Net worth: $2.5 billionRank in 2020: 7Net worth in 2020: $3.3 billionSelf-madeOrigin of wealth: DiversifiedIndustry: DiversifiedAge: 72Country: EgyptResidence: CairoEducation: Auburn University, Master of Business Administration. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 the first black African on the Forbes list. What millionaire farmers do you know? Issad Rebrab is the founder and CEO of Cevital, Algerias biggest privately-held company. Aliko Dangote owns sub-Saharan Africa's biggest cement producer, Dangote Cement, which had revenue of 891.7 billion Naira ($2.5 billion) in 2019. The land bank of Rusagro has more than 600,000 ha, and the main assets are in several regions in Russia. Yasseen Mansour is a shareholder in family-owned conglomerate Mansour Group, which was founded by his father Loutfy (d.1976) in 1952. They now own a company called the Wonderful Company. Thank You. He has spent most of his life as a farmer. Dr Kwabena Darko Kwabena Darko (born 23 October 1942) is an entrepreneur, minister of religion and former politician. Island to house Syrian refugees, but from what Ive heard, hes one of the Saracens rugby... 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Father Loutfy ( D.1976 ) in 1952 and has 60,000 employees this year is luxury goods magnate top 10 richest farmer in africa. Agrofert owns over 100,000 ha of farmland, producing 265 million eggs per annum and tons!